Hyundai Duty Set by Canada

Reuters

Published: November 25, 1987

OTTAWA, Nov. 24—
Cars made by South Korea's Hyundai Motor Company are being dumped in Canada at unfairly low prices, Canada's Revenue and Customs Department said today in a preliminary ruling that puts an import duty on future imports. A department spokesman said that at current prices the duty would result in a 36 percent price increase on the cars. Hyundai, one of South

Korea's largest industrial companies, exported 70,000 cars to Canada last year, down from 79,000 in 1985 but well above the 25,000 sold here in 1984.

The decision follows an investigation into a complaint last July by the General Motors Corporation of Canada Ltd. and the Ford Motor Company of Canada Ltd.